EXCHANGE RATES
Dollar mostly stronger
The New Zealand dollar gained ground on many currencies last week, reflecting the strength of the United States dollar, to which it is pegged. Having lost considerably in the foreign exchange markets last week, while South African and Fijian currencies were lower because of their devaluation.
Demand selling rates of exchange Friday — on the basis to NZ$l.OO —- as advised by the National Bank of New Zealand were:
Austria (schillings) .. 27.5440 Belgium (francs) .. 52.1250 Canada (dollars) .. 1.1660 Denmark (kroner) .. 8.1650 France (francs—financial) 5.9590 — francs—commercial) 5.9590 C.F.P. (francs—financial) 108.2670 Fiji (dollar) .. 1.0017 Hong Kong (dollar) ~ 6.6390 India (rupee) .. .. 9.4320 Italy (lira) 691.4900 Japan (yen) .. .. 355.0600 Netherlands (guilders) .. 3.8250 Norway (kroner) .. 7.8470 Pakistan (rupees) .. 12.8090 Portugal (escudos) .. 31.7510 Stagapore/Malaysia (dollar) . .. 3.2710 South Africa (rand) .. .9262 Sri Lanka (rupee) .. 7.8620 Sweden (krona) .. .. 5.6120 Switzerland (franc) . 4.4880 West Germany (mark) 3.7990
Discount rates on London, on the basis to £l.OO were: selling $1.9706; T.T. buying $1.9581; O.D. air buying $1.9428; O.D. sea buying $1.9163; notes $1.8828.
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Bibliographic details
Press, Volume CXII, Issue 33060, 30 October 1972, Page 20
Word Count
166EXCHANGE RATES Press, Volume CXII, Issue 33060, 30 October 1972, Page 20
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